back Back

Inbank selects Montonio to offer BNPL services in Estonia

By Gloria Methri

February 07, 2024

  • BNPL
  • Card Payments
  • Checkout Services
Share

Montonio, FinTech, Payment Solutions, Estonia, Europe, Open Banking, Payments, Totalizator SportowyInbank has entered an exclusive partnership with Montonio, a provider of checkout solutions in Estonia. The initial phase of the partnership will be rolled out in Estonia, with plans to expand to other markets.

Montonio is known for offering a range of payment and e-commerce services to its merchants, including payment initiation, card payments, pay later, and financing. These services empower merchants to seamlessly manage various e-commerce transactions and offer flexible financing to consumers. As of now, Inbank will exclusively provide BNPL and instalment payment services through Montonio’s checkout.

Piret Paulus, Inbank’s Head of Growth and Business Development and Member of the Board, said, “Inbank looks for solutions that make sense and we want to do things in a smart way. Instead of always building everything from scratch, we sometimes choose to work with highly competent partners. And vice versa – our strategic partners might not have the know-how in financing, but that’s where Inbank can step in and provide valuable support.”

He added, “Our current and potential partners have emphasized the need for a full checkout solution, and we have been on the lookout for a strategic partner who’s capable of delivering a top-notch solution. Montonio caught our attention with its high-quality and user-friendly platform for merchants. Their technological capabilities and user-friendly interface make them an excellent choice for providing a complete checkout solution with.”

Markus Lember, Montonio’s CEO and co-founder said, “Buy now, pay later options have transformed the way consumers shop, offering flexibility in 2024, this trend continues to grow, especially among younger shoppers who appreciate the ability to spread payments over time without incurring interest. This trend not only empowers consumers with more purchasing power but also urges retailers to integrate these options seamlessly into their payment systems.”

Previous Article

February 07, 2024

Nepal Clearing House taps ACI Worldwide to establish Payment Infrastructure

Read More
Next Article

February 07, 2024

Liberis partners with Alloy for Identity Risk Solutions

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

BNPL

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

Crédit Agricole du Maroc tap Entrust to boost digital payment offerings

Read More

February 23, 2024

Ebury and Nium team to offer cross-border payments in Brazil

Read More

February 23, 2024

Velo Labs’ Orbit teams with POS networks to facilitate crypto payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023